For the dividend of Rs. 22.00 per share of face value Rs. 2/- each for the Fy ended 2022, L&T announced record date as July 22, 2022. Record date is the date based on which investors eligibility for the announced dividend is decided. To understand say as the record date for L&T dividend is now clear, those investors having its shares in their demat as on July 22, 2022 will be eligible to receive the dividend. Also, note if you are to buy the shares of L&T and at the same time wish to get the aforesaid dividend, you need to buy well before the ex-date i.e. July 21.
"The Seventy Seventh Annual General Meeting (AGM) of the Company is scheduled to be held on Thursday, 4th August 2022 at 3.30 p.m. 1ST through Video Conferencing ("VC")/Other Audio-Visual Means("OAVM"), in accordance with the circulars issued by the Ministry of Corporate Affairs ("MCA circulars")", said the company's filing with the exchange.
Dividend payment date:
"Dividend, if declared at the AGM, will be paid on or before Monday, sth August 2022", adds the company filing.
Larsen & Toubro Limited is a large cap company with a m-cap of Rs. 218,008 crores. L&T is a technology, engineering, construction, manufacturing and financial services company. The stock last in trade today settled at a price of Rs. 1551.50, higher by a percentage.